Australian Bureau of Statistics
1367.5 - Western Australian Statistical Indicators, Sep 2007
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/10/2007
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The number of house approvals (trend) in Western Australia has fallen for 18 consecutive months, between January 2006 and July 2007, by an average monthly rate of 1.1% (20 houses). The decline has coincided with three interest rate rises by the Reserve Bank of Australia of 0.25% in May (5.75%), August (6.00%) and November (6.25%) 2006 and an increase in new house prices of 10.2% between the March quarter 2006 and the June quarter 2007 in Perth.
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This page last updated 15 January 2008